In 2016, Yale Company had credit sales of $1,050,000 and granted sales discounts of $25,000 On January 1, 2016. Allowance for Doubtful Accounts had a credit balance of $26,400. During 2016, $ 43,000 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2016? a. $47,350 b. $31,500 c. $14,900 d. $14,150